Roadmap for US’ clean transportation future unveiled
Researchers say the production of lithium, cobalt, and graphite must expand dramatically to meet the demand enabled by high levels of electric vehicle manufacturing.
Researchers say the production of lithium, cobalt, and graphite must expand dramatically to meet the demand enabled by high levels of electric vehicle manufacturing.
Companies and financial firms are now investing over $100 billion a year on energy storage and the electrification of transportation.
Although China will likely maintain its dominance for the foreseeable future, other countries are ramping up their mining and refining capacities.
The London-listed company aims to decrease its reliance on coal and steel and attract a broader base of investors by adding more battery metals.
Canadian startup Li-Cycle Corp. plans a third battery-recycling facility in North America.
Lithium, the mainstay for rechargeable power packs used in EVs, is roaring back after a three-year slump in prices.
Drilling started in late 2020 to add eight production wells at the lithium project, with the first two completed.
Formed this month, the BASC's 55 members include Nissan Motor, Sumitomo Metal Mining, Asahi Kasei, Panasonic and Toyotsu Lithium Corp.
Warren Buffet-backed BYD says it’s opting for safer nickel, cobalt-free LFP batteries across its entire line-up as its “blade” technology overcomes driving range issues.
The news follows a $29.5 million investment in NextSource announced in February by Vision Blue Resources.